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Although AI crypto tokens fell due to the Nvidia effect, investors expect an increase.
While Nvidia's (NVDA) share price increased by over 7% on May 28, AI-related cryptocurrencies have fallen in the last 24 hours. However, a cryptocurrency investor said that the decline will not last forever.
“NVDA is rising, AI tokens are quiet now but that won't last long,” investor Matthew Hyland wrote in his X post on May 28. said.
#Artificial intelligence companies run AI models on computer processors made by Nvidia. As NVDA's performance is seen as a barometer of the market's attitude towards AI, crypto investors are considering its share price as a prediction of how AI tokens may move.
Nvidia gained 22% in the last five trading days and closed at a record high of $1,140 on May 28; The stock is up nearly 137% since the beginning of the year.
Nvidia's first-quarter revenue beat expert estimates by about 5.6%, up 18% from the fourth quarter of 2023 and 262% from the same quarter last year.
Meanwhile, some of the largest AI cryptocurrencies by market cap have fallen over the past week, unlike Nvidia.
#Render (RNDR), #fetch.ai (FET), and SingularityNet (AGIX) lost 8.14%, 11.39%, and 11.19%, respectively, over the past seven days, according to CoinMarketCap.
Although AI cryptocurrencies have not followed the increase, some investors think that this may change with the decline in Nvidia's share price. “When #NVDA starts selling, it will take other mega-cap tech names with it for at least a few days,” anonymous crypto investor Triplexx wrote in a post shared on May 28. Then, whatever crypto's attitude is, it will pull crypto with it. “Be ready.” said.
Investment guru Lyn Alden noted on May 25 that Nvidia is one of the few stocks that has outperformed Bitcoin over the past decade. A $10,000 investment in #NVIDIABlackwell in 1999 was “worth $25.3 million” as of May 24, according to trading site The Kobeissi Letter.
$BTC $FET $XAI
While Nvidia's (NVDA) share price increased by over 7% on May 28, AI-related cryptocurrencies have fallen in the last 24 hours. However, a cryptocurrency investor said that the decline will not last forever.
“NVDA is rising, AI tokens are quiet now but that won't last long,” investor Matthew Hyland wrote in his X post on May 28. said.
#Artificial intelligence companies run AI models on computer processors made by Nvidia. As NVDA's performance is seen as a barometer of the market's attitude towards AI, crypto investors are considering its share price as a prediction of how AI tokens may move.
Nvidia gained 22% in the last five trading days and closed at a record high of $1,140 on May 28; The stock is up nearly 137% since the beginning of the year.
Nvidia's first-quarter revenue beat expert estimates by about 5.6%, up 18% from the fourth quarter of 2023 and 262% from the same quarter last year.
Meanwhile, some of the largest AI cryptocurrencies by market cap have fallen over the past week, unlike Nvidia.
#Render (RNDR), #fetch.ai (FET), and SingularityNet (AGIX) lost 8.14%, 11.39%, and 11.19%, respectively, over the past seven days, according to CoinMarketCap.
Although AI cryptocurrencies have not followed the increase, some investors think that this may change with the decline in Nvidia's share price. “When #NVDA starts selling, it will take other mega-cap tech names with it for at least a few days,” anonymous crypto investor Triplexx wrote in a post shared on May 28. Then, whatever crypto's attitude is, it will pull crypto with it. “Be ready.” said.
Investment guru Lyn Alden noted on May 25 that Nvidia is one of the few stocks that has outperformed Bitcoin over the past decade. A $10,000 investment in #NVIDIABlackwell in 1999 was “worth $25.3 million” as of May 24, according to trading site The Kobeissi Letter.
$BTC $FET $XAI
🟥NVDA earnings in 4 hours! 🟥
The most important stock in the world is reporting its earnings in 4 hours.
If the earnings exceed expectations this can be very bullish for $BTC and crypto. If the expectations are not met we will likely see a manipulation to the upside to trap the retail and then a dump.
Be careful and do not trade into the news event. Wait for the dust to settle and then assess the overall trend.
#NVDA #Nvidia $ETH $SOL #Earnings #earningsreport
The most important stock in the world is reporting its earnings in 4 hours.
If the earnings exceed expectations this can be very bullish for $BTC and crypto. If the expectations are not met we will likely see a manipulation to the upside to trap the retail and then a dump.
Be careful and do not trade into the news event. Wait for the dust to settle and then assess the overall trend.
#NVDA #Nvidia $ETH $SOL #Earnings #earningsreport
📊 #Nvidia reports its fiscal first-quarter results on Wednesday.
Nvidia's Q1 earnings are expected to soar 474% to $5.22 per share, with revenue up 241% to $24.5 billion.
The #stock is up 95% this year, making #NVDA the third most valuable company globally.
Nvidia is closely related to crypto, particularly with #AI cryptos, so watch for potential volatility.
#TrendingTopic
Nvidia's Q1 earnings are expected to soar 474% to $5.22 per share, with revenue up 241% to $24.5 billion.
The #stock is up 95% this year, making #NVDA the third most valuable company globally.
Nvidia is closely related to crypto, particularly with #AI cryptos, so watch for potential volatility.
#TrendingTopic
#WLD has witnessed an impressive surge following positive #NVDA earnings reports.
🚀 $8.92 marks the current All-Time High. A reclaim of $8.37, and $10 becomes my next target. $WLD
Always DYOR ♥️
👉🏻 Claim Free Reward UpTo 50 USDT in My Pinned Post on Profile 💯🔥🔥🔥🔥🤑
🎯📈 #Write2Earn #BTC
#Write2Earn ‼️
🚀 $8.92 marks the current All-Time High. A reclaim of $8.37, and $10 becomes my next target. $WLD
Always DYOR ♥️
👉🏻 Claim Free Reward UpTo 50 USDT in My Pinned Post on Profile 💯🔥🔥🔥🔥🤑
🎯📈 #Write2Earn #BTC
#Write2Earn ‼️
#WLD has seen a massive rally after positive #NVDA earning reports.$8.957 is the current All Time High. A reclaim of $8.957 the $10 will be my next targets.
#Write2Earn
#BTC
#Worldcoin
#Write2Earn
#BTC
#Worldcoin
Sovereign AI - The government of Saudi Arabia plans to create a fund of about $40 billion to invest in AI.
The planned tech fund would make Saudi Arabia the world’s largest investor in AI. The Middle Eastern nation is pursuing those goals through its sovereign wealth fund, which has assets of more than $900 billion. #NVDA
The planned tech fund would make Saudi Arabia the world’s largest investor in AI. The Middle Eastern nation is pursuing those goals through its sovereign wealth fund, which has assets of more than $900 billion. #NVDA
Unlocking the Future of Crypto: The Intersection of AI and Nvidia GTC
Mark your calendars for March 18-21, 2024, as the tech world braces itself for the much-anticipated Nvidia GPU Technology Conference (#GTC ). This annual gathering serves as a nexus for innovation, drawing a diverse array of professionals from IT, development, engineering, research, and investment sectors. At the heart of the conference lies a compelling agenda: to explore the frontier of artificial intelligence (#AI ), machine learning, computer graphics, data science, and autonomous systems.
Nvidia Corporation (#NVDA ), renowned for its cutting-edge graphics processing units (GPUs), spearheads this transformative event. The visionary behind Nvidia, Jensen Huang, will grace the conference with his presence, underscoring the company's commitment to pioneering advancements in technology.
While GTC traditionally caters to a broad spectrum of tech enthusiasts, this year's edition has stirred particular excitement within the crypto community. What's causing the buzz? The announcement of eminent crypto founders' participation has set the stage for a convergence of two worlds: traditional tech giants and the rapidly evolving crypto sphere.
Among the notable figures slated to attend is Illia Polosukhin, co-founder of NEAR Protocol. His presence underscores the pivotal role of AI in shaping the future of blockchain protocols. Polosukhin's keynote speech and panel discussion on 'Transforming AI' promise to provide invaluable insights into the symbiotic relationship between AI and crypto.
But NEAR Protocol isn't the only crypto project making waves. Tokens such as Render ($RNDR ), Fetch.ai ($FET ), and Worldcoin ($WLD ) have also found themselves in the spotlight. As news of their involvement in GTC spreads, investors and traders are bracing themselves for potential market movements.
Why the fervent interest in AI-centric tokens?
The answer lies in the intrinsic link between AI technology and the burgeoning crypto landscape. As blockchain protocols strive for faster and more efficient processing and storage solutions, AI emerges as the indispensable tool of the future. The marriage of AI and crypto heralds a new era of innovation, promising to reshape industries and redefine the boundaries of possibility.
Indeed, 2024 may well be remembered as the "gradual year of AI" in the crypto realm. As the crypto market eagerly awaits the insights and revelations to emerge from Nvidia GTC, one thing is clear: the future of crypto is inexorably intertwined with the transformative power of artificial intelligence.
Join the conversation. Stay informed. Embrace the future
#TrendingTopic #Write2Earn
Nvidia Corporation (#NVDA ), renowned for its cutting-edge graphics processing units (GPUs), spearheads this transformative event. The visionary behind Nvidia, Jensen Huang, will grace the conference with his presence, underscoring the company's commitment to pioneering advancements in technology.
While GTC traditionally caters to a broad spectrum of tech enthusiasts, this year's edition has stirred particular excitement within the crypto community. What's causing the buzz? The announcement of eminent crypto founders' participation has set the stage for a convergence of two worlds: traditional tech giants and the rapidly evolving crypto sphere.
Among the notable figures slated to attend is Illia Polosukhin, co-founder of NEAR Protocol. His presence underscores the pivotal role of AI in shaping the future of blockchain protocols. Polosukhin's keynote speech and panel discussion on 'Transforming AI' promise to provide invaluable insights into the symbiotic relationship between AI and crypto.
But NEAR Protocol isn't the only crypto project making waves. Tokens such as Render ($RNDR ), Fetch.ai ($FET ), and Worldcoin ($WLD ) have also found themselves in the spotlight. As news of their involvement in GTC spreads, investors and traders are bracing themselves for potential market movements.
Why the fervent interest in AI-centric tokens?
The answer lies in the intrinsic link between AI technology and the burgeoning crypto landscape. As blockchain protocols strive for faster and more efficient processing and storage solutions, AI emerges as the indispensable tool of the future. The marriage of AI and crypto heralds a new era of innovation, promising to reshape industries and redefine the boundaries of possibility.
Indeed, 2024 may well be remembered as the "gradual year of AI" in the crypto realm. As the crypto market eagerly awaits the insights and revelations to emerge from Nvidia GTC, one thing is clear: the future of crypto is inexorably intertwined with the transformative power of artificial intelligence.
Join the conversation. Stay informed. Embrace the future
#TrendingTopic #Write2Earn
